KKR Sued by DOJ Over Alleged Gaps in Antitrust Disclosures (1)

The US Justice Department sued private equity firm KKR & Co. for allegedly withholding documents during government-required merger reviews.

Antitrust attorneys filed a civil complaint in federal court in Manhattan alleging KKR failed to comply with the merger disclosure requirements of the Hart-Scott-Rodino, or HSR Act, on at least 16 deals. The transactions were valued at a total of more than $24.7 billion, according to a Bloomberg tally of takeovers cited by the complaint.

The government is seeking at least $650 million in civil penalties for the violations.

KKR also filed a lawsuit Tuesday against the Justice Department and the ...